Hefei Snowky Electric Co. Ltd. principally engages in the research, development, production, and sale of refrigerators and commercial display cabinets. The company was founded on June 27, 2011 and is headquartered in Hefei, China.
HEFEI SNOWKY ELECT Dividend Announcement
• HEFEI SNOWKY ELECT announced a annually dividend of ¥0.27 per ordinary share which will be made payable on 2024-06-03. Ex dividend date: 2024-06-03
• HEFEI SNOWKY ELECT annual dividend for 2024 was ¥0.27
• HEFEI SNOWKY ELECT's trailing twelve-month (TTM) dividend yield is 1.79%
• HEFEI SNOWKY ELECT's payout ratio for the trailing twelve months (TTM) is 48.51%
HEFEI SNOWKY ELECT Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-06-03 | ¥0.27 | annually | 2024-06-03 |
HEFEI SNOWKY ELECT Dividend per year
HEFEI SNOWKY ELECT Dividend Yield
HEFEI SNOWKY ELECT current trailing twelve-month (TTM) dividend yield is 1.79%. Interested in purchasing HEFEI SNOWKY ELECT stock? Use our calculator to estimate your expected dividend yield:
HEFEI SNOWKY ELECT Financial Ratios
P/E ratio26.92
PEG ratio0.27
P/B ratio2.27
ROE9.37%
Payout ratio48.51%
Current ratio1.88
Quick ratio1.61
Cash Ratio0.55
HEFEI SNOWKY ELECT Dividend FAQ
Does HEFEI SNOWKY ELECT stock pay dividends?
HEFEI SNOWKY ELECT does not currently pay dividends to its shareholders.
Has HEFEI SNOWKY ELECT ever paid a dividend?
No, HEFEI SNOWKY ELECT has no a history of paying dividends to its shareholders. HEFEI SNOWKY ELECT is not known for its dividend payments.
Why doesn't HEFEI SNOWKY ELECT pay dividends?
There are several potential reasons why HEFEI SNOWKY ELECT would choose not to pay dividends to their shareholders:
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will HEFEI SNOWKY ELECT ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While HEFEI SNOWKY ELECT has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is HEFEI SNOWKY ELECT a dividend aristocrat?
HEFEI SNOWKY ELECT is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is HEFEI SNOWKY ELECT a dividend king?
HEFEI SNOWKY ELECT is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is HEFEI SNOWKY ELECT a dividend stock?
No, HEFEI SNOWKY ELECT is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy HEFEI SNOWKY ELECT stocks?
To buy HEFEI SNOWKY ELECT you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.
Place an order: Use the brokerage's trading platform to place an order to buy HEFEI SNOWKY ELECT stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy HEFEI SNOWKY ELECT stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.